The UK’s state pension is the second worst in the developed world, with only Mexico giving OAPs a worse average salary replacement rate in retirement, a study has found.
Most over-45s are "wildly optimistic" by expecting to retire with almost half a million pounds in assets excluding their homes, says a report.
The number of retirees turning to equity release to fund their long term care needs has soared since the start of the financial crisis.
Increasing numbers of over 50s are using equity release products to pay off outstanding mortgages and unsecured debts, according to a new report.
Selling property has become the primary source of funding for long-term care this year, overtaking the state and savings, Partnership has reported.
Total equity release lending to Scottish homeowners rose by 39% in 2012 compared to the previous year.
The equity release market could exceed £1 billion this year after the third quarter saw plan sales and lending rise by 11%.
The well-off are receiving tax breaks on pension contributions worth on average 20 times those of ordinary workers, according to reports.
A potential gap looms between employee and employer expectations of when workers will retire, an Aegon report has warned.
Retirees are increasingly putting their families first as they seek equity release plans and personal loans to help out struggling family members, according to a recent report.
Our handy tips for financing your retirement could make all the difference in your later years.
Annuity provider Partnership, has found that almost 41% of consumers aged 45-85 say that they would need to fund long-term residential care by renting or selling their property.
The Supreme Court has ruled employers may have powers to forcibly retire staff at 65 – putting in doubt the abolition of the default retirement age.
Three trade unions have joined forced to launch a campaign against government proposals to increase the UK state pension age to 68.
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